|
DRD
DRDD
Drdgold Limited - Trading Statement
DRDGOLD Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
Share code: DRD
ISIN: ZAE000058723
ARBN number: 086 277 616
NASDAQ trading symbol: DROOY
("DRDGOLD" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the current reporting
period will differ by at least 20% from those of the previous corresponding
period.
Shareholders are advised that the board of directors of DRDGOLD expect that the
company"s headline loss per share for the twelve months ended June 2006 will be
in the range of 15% to 25% greater than that reported for the twelve months
ended June 2005.
This is as a result of post tax loss contributions from the Barrick Gold
Corporation managed Porgera Mine (West Wall Remediation which resulted in lower
gold production and increased costs), Tolukuma Mine (lower gold production
mainly as a result of excessive rain during the year resulting in the flooding
of the main production areas as previously reported and cost increases) and
Emperor Mines Limited (Vatukoula Mine reorganisation, announced in April 2006,
which has resulted in no production during May and June 2006). These were
partially offset by a much improved profit contribution from Blyvoortuitzicht
Mine and the remaining South African operations and the inclusion of minorities
for the first time arising from the consolidation of Emperor Mines Limited.
In addition the basic loss per share will be in the range of 60% to 70% lower (a
smaller loss) than that reported for the twelve months ended June 2005, due to
the reversal of an impairment charge for ERPM mine following a return to
profitability and an increased mine life and a profit being generated from
discontinued operations for the current period as opposed to a loss for the
previous period.
The above financial information refers to changes in bottom line losses as
calculated using IFRS Accounting Standards.
The financial information on which this trading statement has been based has not
been reviewed and reported on by the company"s auditors. The year end audit is
currently in process. The results for the year ended 30 June 2006 are expected
to be announced on or about 24 August 2006.
Johannesburg
31 July 2006
Sponsor
Standard Bank
Date: 31/07/2006 08:14:55 AM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
